CREATEX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CREATEX
Largest movements
- Cash +€10,930
up €10,930 (+6.1%), from €179,609 to €190,539
mainly Net result for the year (+€40,550) and Depreciation (+€31,842)
- Tangible fixed assets +€4,642
up €4,642 (+5.3%), from €86,778 to €91,420
of which Furniture and vehicles: +€19,489
- Other debts +€11,466
up €11,466 (+57.3%), from €19,996 to €31,462
- Reserves +€10,550
up €10,550 (+4.9%), from €217,265 to €227,815
- Current portion of long-term debt -€9,000
no longer reported in 2025 (was €9,000)
- Gross operating margin -€6,899
down €6,899 (-6.7%), from €103,047 to €96,148
- Taxes -€3,316
down €3,316 (-14.7%), from €22,565 to €19,250
- Depreciation +€2,914
up €2,914 (+10.1%), from €28,929 to €31,842
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,241 | €292,864 | +€13,623 | +4.9% |
| Fixed assets | 21/28 | €87,456 | €91,685 | +€4,230 | +4.8% |
| Intangible fixed assets | 21 | €678 | €265 | -€413 | -60.9% |
| Tangible fixed assets | 22/27 | €86,778 | €91,420 | +€4,642 | +5.3% |
| Land and buildings | 22 | €1,882 | €1,432 | -€451 | -23.9% |
| Plant, machinery and equipment | 23 | €28,999 | €22,812 | -€6,187 | -21.3% |
| Furniture and vehicles | 24 | €27,891 | €47,381 | +€19,489 | +69.9% |
| Leasing and similar rights | 25 | €22,205 | €14,754 | -€7,451 | -33.6% |
| Other tangible fixed assets | 26 | €5,801 | €5,042 | -€759 | -13.1% |
| Current assets | 29/58 | €191,785 | €201,179 | +€9,394 | +4.9% |
| Stocks and contracts in progress | 3 | €4,797 | €4,630 | -€168 | -3.5% |
| Stocks | 30/36 | €4,797 | €4,630 | -€168 | -3.5% |
| Amounts receivable within one year | 40/41 | €4,596 | €3,001 | -€1,595 | -34.7% |
| Trade receivables | 40 | €234 | - | -€234 | |
| Other amounts receivable | 41 | €4,363 | €3,001 | -€1,362 | -31.2% |
| Cash at bank and in hand | 54/58 | €179,609 | €190,539 | +€10,930 | +6.1% |
| Deferred charges and accrued income | 490/1 | €2,782 | €3,009 | +€227 | +8.2% |
| Total equity and liabilities | 10/49 | €279,241 | €292,864 | +€13,623 | +4.9% |
| Equity | 10/15 | €235,857 | €246,407 | +€10,550 | +4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €217,265 | €227,815 | +€10,550 | +4.9% |
| Distributable reserves | 133 | €217,265 | €227,815 | +€10,550 | +4.9% |
| Amounts payable | 17/49 | €43,384 | €46,457 | +€3,073 | +7.1% |
| Amounts payable within one year | 42/48 | €41,201 | €45,278 | +€4,077 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | - | -€9,000 | |
| Trade debts | 44 | €5,496 | €7,093 | +€1,597 | +29.1% |
| Suppliers | 440/4 | €5,496 | €7,093 | +€1,597 | +29.1% |
| Taxes, remuneration and social security | 45 | €6,709 | €6,723 | +€15 | +0.2% |
| Taxes | 450/3 | €6,709 | €5,395 | -€1,314 | -19.6% |
| Remuneration and social security | 454/9 | - | €1,328 | +€1,328 | |
| Other amounts payable | 47/48 | €19,996 | €31,462 | +€11,466 | +57.3% |
| Accrued charges and deferred income | 492/3 | €2,183 | €1,179 | -€1,004 | -46.0% |
| Non-recurring operating income | 76A | - | €4,339 | +€4,339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,929 | €31,842 | +€2,914 | +10.1% |
| Other operating charges | 640/8 | €3,907 | €4,123 | +€217 | +5.5% |
| Non-recurring operating charges | 66A | - | €38 | +€38 | |
| Gross operating margin | 9900 | €103,047 | €96,148 | -€6,899 | -6.7% |
| Operating profit (loss) | 9901 | €70,212 | €60,145 | -€10,067 | -14.3% |
| Financial income | 75/76B | €1,013 | €719 | -€294 | -29.0% |
| Recurring financial income | 75 | €1,013 | €719 | -€294 | -29.0% |
| Financial charges | 65/66B | €1,512 | €1,065 | -€447 | -29.6% |
| Recurring financial charges | 65 | €1,512 | €1,065 | -€447 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €69,713 | €59,800 | -€9,914 | -14.2% |
| Income taxes | 67/77 | €22,565 | €19,250 | -€3,316 | -14.7% |
| Profit (loss) for the period | 9904 | €47,148 | €40,550 | -€6,598 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,148 | €40,550 | -€6,598 | -14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.